Inside the research

BXP, Inc.

BXP Research profile · latest available data

Price overview

$63.40

▲ +1.13 (+1.8%)

52w hi$73.75
52w lo$50.21
Vol1.02M
As of25 Sep 2026

The Verdict

Hold

Our score -0.28

Short+0.07
Medium-0.39
Long-0.77

computed 2026-09-27

Key fundamentals

BXP, Inc.

Real Estate · REIT - Office

Market cap$11.47B
Enterprise value$28.56B
Trailing P/E34.09x
Forward P/E28.52x
EV / EBITDA17.66x
P / S (ttm)3.59x
Profit margin9.3%
Return on equity5.3%
Revenue growth+3.7%
Earnings growth-23.2%
Debt / equity211.63

Layer Breakdown

LayerRawContribution
Fundamental-0.04
Sector-0.04
Technical-0.06
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-09-27

Business overview

BXP, Inc. is the largest publicly traded developer, owner, and manager of premier workplaces in the United States. It is concentrated in six dynamic gateway markets - Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 55 years. BXP is a fully integrated real estate company, organized as a real estate investment trust (REIT). As of June 30, 2026, including properties owned by joint ventures, BXP's portfolio totals 51.1 million square feet and 164 properties, including six properties under construction/redevelopment. BXP's portfolio consists of 143 office properties, 13 retail properties, seven residential properties (including four residential properties under construction) and one hotel. BXP is well known for its in-house building management expertise and responsiveness to clients' needs. BXP holds a superior track record of developing premium Central Business District (CBD) office buildings, successful mixed-use complexes, suburban office centers and build-to-suit projects for a diverse array of creditworthy clients. BXP actively works to promote its growth and operations in a sustainable and responsible manner. BXP, Inc. was incorporated in 1970 in Delaware and is based in Massachusetts, Boston.

United States · www.bxp.com

Risk Metrics

Beta vs SPX0.89
Corr SPX0.48
Annual vol29.7%
Annual ret-7.8%
Sharpe-0.26
Max DD-43.1%

Window: 504 trading days (504 obs)

Analyst Coverage

Mean PT$69.40
High / Low$89.00 / $58.00
Median$68.00
Analysts20
Strong Buy4
Buy7
Hold11
Sell0
Strong Sell0

Recent rating actions

2026-04-29Evercore ISI Group→ In-Line
2026-04-15Citigroup→ Neutral
2026-04-02Evercore ISI Group→ In-Line
2026-04-01Piper Sandler→ Overweight
2026-04-01JP Morgan→ Overweight
2026-03-02Scotiabank→ Sector Perform

Material Events

DateEvent8-K
2026-07-28Earnings Release, Exhibitsread
2026-05-292.06, Exhibitsread
2026-05-22Shareholder Vote, Exhibitsread
2026-04-28Earnings Release, Exhibitsread
2026-03-06Other Material Event, Exhibitsread
2026-01-28Earnings Release, Exhibitsread
2025-12-22Officer / Director Change, Reg FD Disclosure…read
2025-10-28Earnings Release, Exhibitsread
2025-09-29Material Agreement, Material Obligation…read
2025-07-30Earnings Release, Exhibitsread
2025-05-20Shareholder Vote, Exhibitsread
2025-04-29Earnings Release, Exhibitsread

Insider Trades

DateInsiderRoleActionSharesValue
2026-06-09LABELLE MICHAEL EEVP and CFOSell18.08K$1.19M
2026-06-09LABELLE MICHAEL EEVP and CFOSell8.03K$538.36K
2026-06-04LABELLE MICHAEL EEVP and CFOC23.98K—

Flow & Concentration

Insider 180d net-$1.73M
Insider buys / sells0 / 2
Insider biasNeutral
13F holders8
Top-5 share96.8%
HHI3,134 (concentrated)

Top Holders

HolderValueShares
State Street Corp$659.64M9.85M
Norges Bank (Norway sovereign)$627.77M9.47M
Citadel Advisors$142.36M2.15M
Capital Research / Capital World$99.89M1.51M
AQR Capital Management$81.40M1.23M
Millennium Management$47.86M721.69K
Fidelity / FMR LLC$5.51M83.04K
T. Rowe Price Group$70.30K1.06M

As of 2026-06-30

Dividends

Yield (TTM)3.31%
$ / share (TTM)$2.10
5y CAGR-3.0%

Annual dividend per share

2021$3.92
2022$3.92
2023$3.92
2024$3.92
2025$3.36
2026$0.70

SEC Filings

DateFormDoc
2026-08-0610-Qview
2026-07-288-Kview
2026-07-014view
2026-07-014view
2026-07-014view
2026-07-014view
2026-07-014view
2026-07-014view
2026-07-014view
2026-06-104view
2026-06-044view
2026-06-024view
2026-06-024view
2026-06-024view
2026-06-024view

The Long Run

FY 2009–2026 · 18 years

LineLatestCAGRTrend
Revenue$872.15M-3.2%
Gross profit$506.01M-15.5%
Operating income$825.78M+11.9%
Net income$61.18M-3.1%
Cash from ops$156.47M-7.9%

Indices

S&P 500

Recent Sessions

DateOpenHighLowCloseVol
Sep 25$62.27$63.59$61.99$63.401.02M
Sep 24$62.41$62.62$61.72$62.271.26M
Sep 23$64.07$64.19$62.27$62.361.38M
Sep 22$64.45$64.65$63.38$64.311.59M
Sep 21$63.64$64.32$63.30$64.131.31M

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